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Checkit – interims argue “accelerating its plan to achieve profitability”, but how’s the sales cycle?

By Steve Moore | Thursday 15 September 2022

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Previously writing on provider of business technology jargon(oops) an “intelligent operations platform for the deskless worker” Checkit plc (CKT), last month with the shares at 27.5p I concluded to avoid including with market conditions now being adverse to cash burn and jam tomorrow hopes. It has now announced results for its half year ended 31st July 2022, including emphasising “continued to deliver against its strategy to transition the business exclusively to higher quality and higher value recurring revenues”... so what of a now 20p share price?

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